BE vs FCEL vs NEWH Stock Comparison

Bloom Energy, Fuelcell Energy and NewHydrogen Prices as of Nov 2, 2026 Peers: Industry group
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BE Bloom Energy Corp
$196.24 -32.2% 1M +48.5% 1Y
Market cap
$58.00B
P/E
111.6x
Revenue (TTM)
$3.83B
Div. yield
–
Fuel Cells Industrials
9 wins
FCEL Fuelcell Energy Inc
$10.50 -43.2% 1M +17.3% 1Y
Market cap
$839.52M
P/E
–
Revenue (TTM)
$154.14M
Div. yield
–
Fuel Cells Industrials
NEWH NewHydrogen, Inc.
$0.03 +50.0% 1M 0.0% 1Y
Market cap
$24.62M
P/E
–
Revenue (TTM)
—
Div. yield
–
Hydrogen Energy

Head to Head

9 decided of 12

Bloom Energy leads on 9 of the 12 questions below (Bloom Energy 9). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBEFCELNEWHLeader
Larger companyMarket capitalisation $58.00B $839.52M $24.62M BE
Cheaper on earningsLower P/E, profitable companies only 111.6x -4.1x -6.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 76.1x — — –
Faster revenue growthRevenue growth, trailing twelve months +110.6% +1.1% — BE
More profitableNet margin, trailing twelve months 13.5% -115.7% — BE
Better return on capitalReturn on invested capital 31.2% -20.5% — BE
Less leveragedLower net debt / EBITDA -3.9x 4.6x — BE
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +48.5% +17.3% 0.0% BE
Better 5-year returnAnnualised price return, 5 years +43.8%/yr -48.3%/yr +8.5%/yr BE
Less volatileAnnualised volatility, 1 year 110.6% 130.7% 273.0% BE
Higher overall scoreMean of the five percentile scores vs peers 80/100 37/100 17/100 BE

Percentile Scorecard

BEFCELNEWH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBEFCELNEWH
Valuation 48 #33 of 62 31 #43 of 62 20 #9 of 11
Growth 100 #1 of 59 33 #40 of 59 10 #10 of 11
Profitability 91 #6 of 55 32 #38 of 55 –
Financial Health 89 #9 of 72 82 #14 of 72 20 #9 of 11
Shareholder Returns 73 #9 of 31 7 #29 of 31 –
Overall 80 37 17
  • BE ranked among 72 companies in Clean Energy Equipment
  • FCEL ranked among 72 companies in Clean Energy Equipment
  • NEWH ranked among 11 companies in Renewable Fuels

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBEFCELNEWHSPY
1 month -32.2%-43.2%+50.0% -2.3%
3 months -10.1%-50.8%+200.0% -0.7%
6 months -32.0%-19.4%0.0% +4.8%
Year to date +125.8%+43.6%+50.0% +10.3%
1 year +48.5%+17.3%0.0% +10.3%
3 years +1,717.0%-72.0%+200.0% +73.0%
3 years, per year +163.1%-34.6%+44.3% +20.1%
5 years +513.8%-96.3%+50.0% +61.9%
5 years, per year +43.8%-48.3%+8.5% +10.1%
10 years —-99.1%-66.7% +258.6%
10 years, per year —-37.3%-10.4% +13.6%

Risk

MeasureBEFCELNEWHSPY
Volatility, 1Y 110.6%130.7%273.0% 12.8%
Downside volatility, 1Y 107.6%113.5%911.1% 12.8%
Beta vs S&P 500, 1Y 4.533.760.10 1.00
Return / volatility, 1Y 0.440.130.00 0.80
Max drawdown, 5Y -75.9%-98.9%-83.3% -25.4%
From 52-week high -43.3%-70.8%-25.0% -3.5%
52-week high $345.85$36.01$0.04 $779.14
52-week low $76.97$6.00$0.01 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBEFCELNEWH
P/E now vs peer median 111.6xmedian 29.1x -4.1xmedian 29.1x -6.3xmedian 10.6x
P/S now vs peer median 15.1xmedian 2.3x 5.4xmedian 2.3x —median 1.2x
EV/EBITDA now vs peer median 87.5xmedian 18.5x -1.4xmedian 18.5x -6.3xmedian 14.5x
P/FCF now vs peer median 132.8xmedian 28.9x -8.3xmedian 28.9x -9.7xmedian 14.0x
P/B now vs peer median 29.5xmedian 1.8x 0.9xmedian 1.8x -7.6xmedian 1.2x
PEG now vs peer median 2.57median 0.81 0.04median 0.81 -0.38median 0.19

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBEFCELNEWH
Revenue $3.83B $154.14M –
Gross profit $1.24B -$49.92M –
Operating income $567.42M -$179.19M -$3.88M
Net income $522.95M -$178.30M -$3.88M
Free cash flow $436.71M -$101.12M -$2.54M
R&D $235.76M $28.64M $1.30M
EPS (diluted) $1.60 $-2.53 $0.00
Cash & equivalents $2.49B $658.10M $301.51K
Total debt $2.95M $18.80M –
Shares (diluted) 324.29M 70.41M 819.51M
Enterprise value $47.93B -$773.89M $21.43M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBEFCELNEWH
P/E 111.6x -4.1x -6.3x
P/FCF 132.8x -8.3x -9.7x
P/Operating cash flow 83.9x -8.7x -9.7x
P/S 15.1x 5.4x –
P/B 29.5x 0.9x -7.6x
P/Tangible book 29.5x 0.9x -7.5x
EV/EBITDA 87.5x -1.4x -6.3x
EV/EBIT 97.8x -1.1x -6.3x
EV/Revenue 14.5x 1.3x –
EV/FCF 127.1x -2.0x -9.6x
EV/Operating cash flow 80.3x -2.1x -9.6x
PEG (3Y EPS CAGR) 2.57 0.04 -0.38

Growth

14 metrics
MetricBEFCELNEWH
Revenue growth (1Y) 110.6% 1.1% –
Revenue CAGR (3Y) 38.6% 3.2% –
Gross profit growth (1Y) 118.4% -62.6% –
Gross profit CAGR (3Y) 91.3% -27.2% –
Operating income growth (1Y) 530.6% 12.6% -89.6%
Operating income CAGR (3Y) 60.9% -8.0% 12.2%
Net income growth (1Y) 3,052% 11.6% -89.7%
Net income CAGR (3Y) 51.0% -13.9% 12.2%
EPS growth (1Y) 2,359% 69.5% -66.6%
EPS CAGR (3Y) 43.5% -104.7% 16.5%
Operating cash flow growth (1Y) 283.7% 0.3% -41.4%
Operating cash flow CAGR (3Y) 49.4% 13.4% -23.4%
Free cash flow growth (1Y) 223.0% 18.9% -41.4%
Free cash flow CAGR (3Y) 39.3% 17.8% -23.4%

Profitability

14 metrics
MetricBEFCELNEWH
Gross margin 32.3% -32.4% –
EBITDA margin 16.6% -89.9% –
Operating margin 14.8% -116.3% –
Pretax margin 13.8% -115.7% –
Net margin 13.5% -115.7% –
FCF margin 11.4% -65.6% –
Operating cash flow margin 18.0% -62.5% –
Return on equity 29.0% -20.8% –
Return on assets 8.6% -15.4% -657.0%
Return on invested capital 31.2% -20.5% –
Return on capital employed 12.1% -16.9% -945.4%
Asset turnover 0.6x 0.1x –
Cash conversion (OCF / net income) 1.3x 0.5x 0.7x
Stock comp / revenue 5.2% 6.4% –

Financial Health

11 metrics
MetricBEFCELNEWH
Debt / assets 0.0% 1.4% –
Debt / equity 0.0x 0.0x –
Net debt / EBITDA -3.9x 4.6x –
Debt / FCF 0.0x -0.2x –
Liabilities / assets 70.1% 25.0% 976.5%
Equity / assets 29.9% 75.0% -876.5%
Interest coverage 15.9x -16.0x –
Current ratio 3.7x 8.7x 2.0x
Quick ratio 2.8x 7.3x 1.7x
Cash ratio 1.8x 6.8x 1.7x
Altman Z-score 8.38 -0.23 –

Shareholder Returns

7 metrics
MetricBEFCELNEWH
Dividend yield – – –
Net buyback yield -0.1% -70.0% -3.2%
Shareholder yield -0.1% -70.0% -3.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBEFCELNEWH
Forward P/E 76.1xFY2026 – –
EPS, next fiscal year $2.58FY2026 $-2.70FY2026 –
EPS growth, next FY +239.5%FY2026 – –
EPS growth, the year after +100.0% – –
Revenue, next fiscal year $4.39BFY2026 $153.46MFY2026 –
Revenue growth, next FY +117.4%FY2026 -3.0%FY2026 –
Revenue growth, the year after +61.3% +71.6% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBEFCELNEWH
Held by institutions 80.5% 65.0% –
Institutions holding 1,282 228 –
Change in shares held, QoQ -1.9% +67.3% –
Institutions buying 808 161 –
Institutions selling 384 38 –
Buyers to sellers 2.10 4.24 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BEFCELNEWH
BE 1.00 0.58 0.02
FCEL 0.58 1.00 0.02
NEWH 0.02 0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BE, FCEL and NEWH?

Bloom Energy (BE) is the largest by market capitalisation: Bloom Energy (BE) $58.00B, Fuelcell Energy (FCEL) $839.52M, NewHydrogen (NEWH) $24.62M.

Which company is growing faster?

Bloom Energy (BE) grew revenue fastest over the trailing twelve months: Bloom Energy (BE) +110.6%, Fuelcell Energy (FCEL) +1.1%.

Which company is more profitable?

Bloom Energy (BE) has the highest net margin (Bloom Energy (BE) 13.5%, Fuelcell Energy (FCEL) -115.7%). On return on invested capital, Bloom Energy (BE) leads (Bloom Energy (BE) 31.2%, Fuelcell Energy (FCEL) -20.5%).

Which stock has performed better?

Over the past year Bloom Energy (BE) returned the most: Bloom Energy (BE) +48.5%, Fuelcell Energy (FCEL) +17.3%, NewHydrogen (NEWH) 0.0%. Over five years, Bloom Energy (BE) compounded fastest (Bloom Energy (BE) +43.8%/yr, Fuelcell Energy (FCEL) -48.3%/yr, NewHydrogen (NEWH) +8.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bloom Energy (BE) has been the steadiest (Bloom Energy (BE) 110.6%, Fuelcell Energy (FCEL) 130.7%, NewHydrogen (NEWH) 273.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BE, FCEL and NEWH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bloom Energy (BE) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.